The role and interaction with company management of the shareholders
Solar wants to maintain an ongoing dialogue with the company's shareholders and to provide as timely and detailed information about the company's development as possible, balanced with the necessary consideration for the company's competetive position.
Solar communicates with the shareholders at the general meeting, via frequent announcements on NASDAQ OMX Copenhagen, on its homepage at the address www.solar.eu, and via web presentations. In addition to this, questions can be put to the IR Manager or the Executive Board.
Solar continuously assesses the company's capital and share structure. In connection with the sale of a partially controlling shareholding in the autumn of 2005, the possibility of a thorough change of the company and share structure arose. Thus, a merger of the companies Aktieselskabet Nordisk Solar Compagni and Solar Holding A/S was realised with effect from 1 January 2006, with the latter as the continuing company under the name Solar A/S. The share structure was changed from one unlisted and three listed share classes to one unlisted A share with 10 votes per share and one share class listed by NASDAQ OMX Copenhagen with one vote per share. A shares are mainly owned by the Fund of 20th December which is the company's majority shareholder with 15.6% of the share capital and 57.5% of the votes.
Solar finds that the current ownership structure supports the company's desire to do business based on a long-term development and growth strategy.
Solar sends out adequate notice of the general meeting with a notice that meets both legal requirements and those of the articles of association. The notice contains all relevant information in relation to the general meeting in question.
If a public takeover bid is made, the shareholders will be informed following a procedure established for the supervisory and executive boards, and a statement of the Supervisory Board's opinion will be published subsequently. The takeover bid and statement of the Supervisory Board will be discussed with the shareholders at a general meeting.
The role and significance for the company of the stakeholders
Solar's policy in relation to its stakeholders appears from the annual report and is also available on the group's homepage.
Solar is of the opinion that there are coinciding interests among shareholders, employees, customers, suppliers, and lenders in the long-term. Therefore, the company focuses on these long-term interests, which thus are determining for the company's ethics, policies, and information practices.
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